# maths

A craft store makes baskets for \$12.50 and sells them for \$16.75. what is the percentage markup on each basket based on cost?

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1. profit = 16.75-12.50 = ...

Percentage markup based on cost
= profit/12.5* 100 %
= ...

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posted by Reiny
2. Total Cost: \$12.50 > old price
Selling Price: \$16.75 > new price

(selling price - total cost)/ total cost

16.75 - 12.75 = 4.25
4.25/12.50 = 0.34 > move decimal two places the right, or multiply 0.34 x 100

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posted by Chelle

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